James Seaberg

The New Pillars of Inflation

Very good article, congratulations.

In reference to the “disinflation brought about by the fall in house prices will temper these inflationary pillars in the short-term.” I may add that house prices are not part of the Consumer Price Index of the USA (CPI); rentals are. Also, the CPI is falsified. To get a correct picture of the true inflation in the US, please refer to shadowstats.com. The inflation rate is much higher. That’s why the article’s author is so successful.

If we experience a bust in the US and a knock-on bust in China, I’m not so sure, whether the industrial commodities like copper, etc. will hold up in price. I think they will tank. Foods, oil and gold will hold up much better.